News

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Thu, 15 Jun 2017 10:15:59 GMT

Russia proposes to remove sanctions

On Thursday, the Russian President Vladimir Putin promised that Russia would remove its sanctions on other countries, provided they do the same.

Thu, 15 Jun 2017 10:07:39 GMT

Putin claims economic crisis in Russia is over

On Thursday, Russia's President Vladimir Putin stated that the economic crisis in the country has come to an end, with inflation beginning to fall as a sign of that.

Thu, 15 Jun 2017 09:11:57 GMT

Corporate environment for French start-ups improves

French start-ups have gained momentum due to a growing interest from venture capital funds and expected improvements from Emmanuel Macron's business-friendly government.

Thu, 15 Jun 2017 08:55:43 GMT

Global stocks edge lower on Thursday amid US pressures

Asian shares and US stock futures fell on Thursday in response to soft US economic data, hawkish Fed and allegations that Trump is under investigation for obstruction of justice.

Thu, 15 Jun 2017 08:02:47 GMT

Google and Novartis invest $300M in medical research

Google and Novartis invested $300M in a new investment fund for medical research, thus betting on the potential of European biotech companies to discover life-changing drugs.

Thu, 15 Jun 2017 07:58:07 GMT

Insurers adapt to new risk challenges

Following the latest attacks in Western cities, insurance companies have adopted to these new challenges by offering a wider variety of policies for both companies and individuals.

Thu, 15 Jun 2017 07:13:55 GMT

China leaves interest rates unchanged after Fed raises benchmark

The People's Bank of China missed market expectations for a rate hike, keeping the short-term interest rate unchanged and ignoring the US Fed's policy alterations.

Thu, 15 Jun 2017 07:12:30 GMT

UK to increase support for infrastructure, start-ups ahead of Brexit

The British government is likely to expand its financial aid for everything from start-ups to infrastructure projects in an attempt to support economic growth ahead of the EU leave.

Thu, 15 Jun 2017 05:54:52 GMT

Central America, IDB align $2.5B worth infrastructure plans

The governments of Guatemala, Honduras, El Salvador and the Inter-American Development Bank lined up $2.5B for infrastructure projects to help curb migration and crime.

Thu, 15 Jun 2017 05:52:48 GMT

Bank of America starts laying off more employees

Bank of America began to lay off more workers in its technology and operations division, aiming to reduce costs to reach its financial targets.

Thu, 15 Jun 2017 05:18:19 GMT

Philippines forces capture senior Islamic State member

On Thursday, the Philippines military stated that they managed to arrest one of the Maute brothers - a senior member of the IS-backed militants in the country.

Thu, 15 Jun 2017 05:17:22 GMT

Oil suffers from high inventories

On Thursday, prices for oil dropped to their seven-month low, dragged down by high global inventories and concerns over OPEC being able to deliver on its production cut promises.

Thu, 15 Jun 2017 04:31:14 GMT

Qatar to purchase jets from US

Qatar signed a $12 billion deal to purchase F-15 fighter jets from the US, Qatar's Ministry of Defence reported on Wednesday. The deal was made in spite of President Trump recently blaming Qatar for supporting terrorism.

Thu, 15 Jun 2017 04:24:37 GMT

Turkish Foreign Minister travels to Qatar to resolve Gulf conflict

Late on Wednesday, the Turkish Foreign Minister was sent to Qatar to attempt to mend the relationship between Qatar and the surrounding Gulf Arab states. Those countries accused Qatar of supporting terrorism and imposed sanctions on the state.

Thu, 15 Jun 2017 02:54:03 GMT

US accuses North Korea for range of cyberattacks

US officials are accusing the North Korea's government for a range of cyberattacks in 2009 against financial sector, aerospace and media around the World and in the US.

Thu, 15 Jun 2017 02:53:52 GMT

Fed announces plan to start reducing bond holdings

The Federal Reserve unveiled plan to start gradually diminishing its bond holdings by the end of 2017, which is likely to cause an increase in long-term interest rates.

Thu, 15 Jun 2017 02:20:52 GMT

Unemployment rate in Australia at 5.5% in May

The Australian Bureau of Statistics reported that the country's employment rate dropped unexpectedly to 5.5% in May, below expectation for an unchanged reading of 5.7%.

Thu, 15 Jun 2017 02:18:36 GMT

New Zealand's GDP rises only 0.5% in Q1, below forecasts

New Zealand's GDP rose at a seasonally adjusted 0.5% in the Q1, following the preceding quarter's 0.4%, while analysts anticipated a 0.7% increase in the reported period.

Wed, 14 Jun 2017 19:55:52 GMT

Car bomb targets restaurant in Somalia's Mogadishu

A car bomb has detonated outside a restaurant in the Somali capital, Mogadishu, killing at least nine people and wounding several others, police reported.

Wed, 14 Jun 2017 19:55:40 GMT

Suspect dies after shooting at US Congress baseball practice

A gunman opened fire during an early morning baseball practice for Republican members of Congress on Wednesday, reportedly firing dozens of shots at a field in Alexandria, where least five were wounded.

Wed, 14 Jun 2017 19:16:59 GMT

Nokia launches world's fastest network chip for routers

Nokia on Wednesday unveiled the world's most powerful internet routing platforms that ensured modern networks would be faster, safer and dramatically more adaptable. 

Wed, 14 Jun 2017 19:16:40 GMT

Egypt parliament agrees island transfer to Saudi Arabia

The Egyptian parliament approved on Wednesday the demarcation of the maritime border with Saudi Arabia, which includes handing over two uninhabited Red Sea islands to Saudi Arabia.

Wed, 14 Jun 2017 18:22:48 GMT

Iranian forces kill 2 militants and arrest 5

Iran reported that the country's security forces killed two alleged "terrorists" in a shootout around the city of Chabahar in the southeastern Iran and arrested five others. 

Wed, 14 Jun 2017 18:22:37 GMT

Fed raises interest rates by further 0.25%

The US central bank, as widely expected, voted on Wednesday to raise interest rates for the second time in three months by another quarter point to between 1 and 1.25%.

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